Cryptocurrency

After several weeks of a proper correction, the main cryptocurrency now seems to be leaving behind this bearish interlude. According to the latest projections from analysts, this fresh wind could well propel Bitcoin to the record highs of $73,000 by the end of May. A prospect that instantly reignites euphoria among bitcoin investors. A Beneficial […]

The Grayscale Bitcoin Trust (GBTC), the largest bitcoin ETF by assets, saw a net inflow of new money from investors, according to Farside Investors, the first daily increase since the product debuted in January. A net $63 million was added on Friday, according to Farside’s tally. The Grayscale product had been the dominant conventional investment vehicle for […]

Block, Inc. (NYSE:SQ) shares rose after the company reported its first-quarter financial results on Thursday. Here’s a look at the highlights. Block reported quarterly sales of $5.957 billion, which beat the analyst consensus estimate of $5.821 billion, representing a 19.38% increase over sales of $4.99 billion from last year. The company reported adjusted earnings of […]

Bitcoin’s tumble is piquing the interest of investors who view pronounced swings in the digital token as a possible precursor for broader changes in risk appetite in global markets. The cryptocurrency has shed about 4% in the past two days following a near 16% plunge in April, the worst monthly drop since Sam Bankman-Fried’s FTX […]

After a week of lower trends, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) jumped in trading on Friday morning. As of 3 p.m. ET, Bitcoin was up 4.1% versus yesterday’s stock market close, Ethereum had risen 2.6%, and Dogecoin was up 5.6%. And they all moved based on the same piece of information. Unemployment data and crypto Crypto values […]

Bitcoin and Ether options contracts worth a combined $2.4 billion are set to expire on May 3, which could lead to increased market volatility. A Bitcoin options contract is a derivative contract that allows investors to speculate on Bitcoin price movements without owning Bitcoin itself. There are two types: call and put options. Call options give […]

The Grayscale Bitcoin Trust (GBTC), the largest bitcoin ETF by assets, saw a net inflow of new money from investors, according to Farside Investors, the first daily increase since the product debuted in January. A net $63 million was added on Friday, according to Farside’s tally. The Grayscale product had been the dominant conventional investment vehicle for […]

Former BitMEX CEO Arthur Hayes believes Bitcoin has hit a local bottom and will slowly grind back up over the next few months. In a blog post on May 3, Hayes commented on the recent market slump, claiming that “The price action played out as I expected.” Bitcoin hit a local low of around $58,600 earlier this week but will rally […]

The cryptocurrency sector is getting a nice boost today from yesterday’s commentary from Federal Reserve Chairman Jerome Powell. The market received a jolt from Powell’s commentary in a press release; he suggested the direction of the next Fed move will most likely be lower. The market had previously priced in some chance of an interest […]

Payments firm Block (SQ) has begun a dollar cost averaging (DCA) program to add to its already sizable bitcoin {{BTC}} stack. Led by CEO Jack Dorsey, the company in April began using 10% of its monthly bitcoin-related gross profit to buy additional bitcoin, with plans to do this each month for the remainder of 2024. […]